Economics

Oil Price Plunge At Worst Could Wipe Out Earnings Growth At Canada’s Big Banks: BMO

Oil price plunge at worst could wipe out earnings growth at Canada’s big banks: BMO

On Friday Sohrab Movahei, John Fong and Jennifer Kao, all with BMO Capital Markets, issued their third report in the past month on banks, oil prices and lending to the oil and gas sector. Friday’s report titled “A look at the oil and gas lending activity of the Canadian banks” concluded that in the absolute worst…